Want to live in a house once owned by former president Ronald Reagan? You can, if you happen to have about $5 million laying around.
Reagan’s former 4,700-square-foot home, seen in the image above, is going on sale for the price of $4,999,000 — a bargain for someone, I’m sure. The ranch home sits in the exclusive Pacific Palisades area of Los Angeles and was the last residence of the former president and his wife, Nancy, before they moved into a much more prestigious house.
As CNN Moneypoints out, the house was given to Reagan by General Electric. In the 1950s, Reagan hosted The General Electric Theater TV series which, apparently, went well enough that the company decided to award him with a house.
It was in this house that Reagan received the phone call from Jimmy Carter conceding the 1980 presidential election. After taking on the role of commander-in-chief, Reagan and his wife decided to sell off the home in 1982.
So what do you get for $5 million, apart from a home that Reagan once lived in? Here’s a description of the property from Sally Foster Jones of Coldwell Banker Residential Brokerage:
“This exceptional property is located in the best part of the prestigious Riviera presenting sweeping panoramic vistas from the Pacific Ocean to the Getty Center. The current mid-century home is perched above the street on approximately 2/3 of an acre and approached via a long, private, gated drive.
“The original home boasts a wonderful history and was once the former residence of President Ronald Reagan. Highlighted by incredible outdoor spaces including sunny courtyard, pool and patio, grassy area and lovely gardens, open living spaces are oriented to take advantage of incomparable views encompassing ocean vistas and twinkling city lights.”